Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,342 shares of the technology company’s stock after buying an additional 4,881 shares during the period. California State Teachers Retirement System owned 0.11% of Check Point Software Technologies worth $20,526,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Ariel Investments LLC boosted its stake in Check Point Software Technologies by 121.2% in the third quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock valued at $144,391,000 after acquiring an additional 593,623 shares in the last quarter. Morningstar Investment Services LLC acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at about $65,522,000. Boston Trust Walden Corp grew its stake in Check Point Software Technologies by 248.8% during the 4th quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company’s stock worth $46,784,000 after buying an additional 218,403 shares during the last quarter. Norges Bank acquired a new position in Check Point Software Technologies during the fourth quarter worth approximately $29,801,000. Finally, Envestnet Asset Management Inc. lifted its stake in Check Point Software Technologies by 107.2% in the third quarter. Envestnet Asset Management Inc. now owns 361,973 shares of the technology company’s stock valued at $48,244,000 after buying an additional 187,314 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on CHKP. Mizuho reaffirmed a “neutral” rating and issued a $160.00 target price on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Stifel Nicolaus dropped their price objective on shares of Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. KeyCorp raised shares of Check Point Software Technologies to a “hold” rating in a report on Tuesday, May 14th. Barclays raised their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Finally, Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Friday, April 26th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $169.18.

Check Out Our Latest Report on CHKP

Check Point Software Technologies Stock Up 0.7 %

Shares of CHKP opened at $154.82 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $122.86 and a 52-week high of $168.82. The company has a 50-day simple moving average of $155.33 and a 200-day simple moving average of $155.87. The company has a market capitalization of $17.48 billion, a PE ratio of 21.50, a P/E/G ratio of 2.38 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last issued its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, hitting the consensus estimate of $1.72. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. The company had revenue of $598.80 million for the quarter, compared to analyst estimates of $595.28 million. On average, research analysts anticipate that Check Point Software Technologies Ltd. will post 7.79 EPS for the current year.

Check Point Software Technologies Company Profile

(Free Report)

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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